SEOUL, Feb. 23 (Korea Bizwire) — With social distancing becoming a new norm due to the prolonged COVID-19 pandemic, convenience stores are emerging as new centers of everyday life, leaving an impact on the retail landscape. Against this backdrop, some tobacco companies are cutting their sales staff. Philip Morris Korea Inc. recently downsized the sales [...]
SEOUL, Oct. 18 (Korea Bizwire) – The smoking rate for South Korean men aged 19 or older fell last year, the health ministry said Thursday, a sign that the country’s strong anti-smoking campaign paid off. The rate of men smoking substantially decreased in 2017, the Ministry of Health and Welfare said, without elaborating. The ministry [...]
SEOUL, Dec 26 (Korea Bizwire) – As the government raises the cigarette price by 80 percent effective on January 1 next year, most of the cigarette brands will be subject to a 2,000-won-a-pack increase to 4,500-4,700 won. But some of the brands sold by foreign tobacco companies that have not submitted a price change report with [...]